Dogecoin Price Prediction: Can DOGE hit $1 as Bitwise files for Dogecoin ETF and JetBolt rises

While Dogecoin posted recent price contractions over the last seven (-9.7%) and fourteen (-8.8%) days, a bounce back might be in store for Dogecoin with its most bullish holders hoping for a jump to $1 in the event of bullish market activity.

Meanwhile, as Dogecoin holders brace for a change in price direction and for new price gains in the coming weeks, a young crypto star is gaining attention—JetBolt (JBOLT). As Dogecoin maximalists hold firm and expect renewed interest in the Shiba themed token, those attracted to next-gen altcoins are keenly exploring JetBolt’s zero gas ecosystem. Can Dogecoin rally and hit $1 in a bull run? What’s the latest with Dogecoin’s price updates and DOGE price prediction talks? Let’s explore.

Can DOGE hit $1 as Bitwise files for Dogecoin ETF

Dogecoin trades at $0.33277, around 3x less than the highly desirable $1 target that many of its holders are coveting. While Dogecoin has successfully managed to hold onto its spot as top dog in the meme coin world—with a market capitalization of over $48 billion which eclipses all others in the meme crypto category—its price was not exempt from this week’s crypto market dip.

Dogecoin experienced a 9.7% price contraction this week, which delayed its ascent to higher price levels above $0.4, a price level it recently breached for a brief period on January 18th. While DOGE has been hit with a minor price setback, its overall growth number over the last year remains strong. Dogecoin’s price has in fact grown by more than 317% in the last twelve months.

Dogecoin observers remain optimistic, citing Bitwise’s recent DOGE ETF filing as a sign of greater mainstream interest in the grandfather of all meme coins.

However, Dogecoin’s technical indicators according to TradingView analytics paint a mixed picture with Oscillators pointing to “Buy” action while Moving Averages indicate “Sell”. With a Relative strength index of 42.9, Dogecoin remains in neutral territory, highlighting the current “wait and see” activity in the crypto market following the recent market dip.

While Dogecoin may certainly benefit from greater mainstream adoption should DOGE ETFs get the green light, it is hard to know for sure if a $1 target is realistic in the near term. Given Dogecoin’s large market capitalization, for DOGE to almost triple in price, it would require a massive influx of buying interest coupled with a border crypto market expansion.

Dogecoin’s technical indicators showing Neutral sentiment for DOGE according to TradingView.

JetBolt rises as whales and crypto users explore next-generation zero gas

While the crypto market and meme coin sector enter into a period of recovery following this week’s dip, next-generation cryptocurrency JetBolt (JBOLT) is entering the spotlight and gaining waves of new holders.

JetBolt has a not so secret weapon up its sleeve: zero gas technology powered by the Skale network. With this game-changing feature, JetBolt is able to pass on the zero gas advantage to users, a real breakthrough in the blockchain arena given the persistent issues that gas has previously been associated with.

But that’s just the start. JetBolt also incorporates another advanced technology in its blockchain arsenal: Artificial Intelligence. Thanks to AI, JetBolt’s Web3 content aggregation utility displays a diverse assortment of crypto news, emerging blockchain developments, and Web3 coin data on its platform.

JetBolt holders are particularly excited about the staking opportunities available thanks to the Proof of Attendance and Worth protocol. From the get-go, JetBolt tokens holders can earn crypto rewards via staking, while also having the opportunity to get extra rewards through engagement on the JetBolt platform.

Finally, the JetBolt presale has been skyrocketing, with nearly 300 million tokens snapped up so far and counting. Buyers are rushing to enjoy the batch purchase discounts and Alpha boxes, which include up to 25% extra JBOLT tokens. With rising presale prices every day, users and whales are lining up to get their JetBolt tokens and are able to enjoy several utility features as early as the presale phase.

Conclusion: Dogecoin path to $1 as JetBolt shines amongst next-generation

While Dogecoin may be in store for a price recovery and uptick, its road to the $1 mark remains unclear in terms of timeline and near term feasibility. With mixed technical indicators and a recent market dip, it may take some time before Dogecoin is able to 3x its current market price. That being said, Dogecoin optimism is on the horizon, and more mainstream adoption may be on the menu given the recent increase in DOGE or Dogecoin-related ETF filings. While Dogecoin holders await the next price rally, many in the crypto space are looking towards next-generation innovators like JetBolt, attracted to novel features and zero gas technology.

For further information on JetBolt, visit the official JetBolt website: https://jetbolt.io

Please be reminded that this article does not include or showcase any recommendations or financial advice. All cryptocurrencies, even the ones talked about here, have risks and can display high degrees of volatility. Do your own research before buying any coins or tokens.

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